Open Demo Account
Home / Market Update / Forex Market / CAD Scores High Gains as Oil Prices Rise

CAD Scores High Gains as Oil Prices Rise

M. Ali 3 February, 2021 12:13 am Forex Market, Market Update

The Canadian Dollar (CAD) rose on Tuesday against major currencies on Tuesday, supported by the rise of crude oil prices to their highest level in a bout to a year.

Today, the CAD topped the G10 currencies performance against the U.S. Dollar (USD).

The CAD is up against its U.S. counterpart by about 0.32%, with the USD/CAD pair trading at 1.2810.

The pair has been moving today in a range between 1.2782 and 1.2870, after closing Monday at 1.2851.

Tags

Check Also

Treasury Turmoil: Tariff Fears Spark Wild Ride in U.S. Bills Market

The U.S. Treasury bills market has experienced significant turbulence in early April 2025, driven by …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends